Is 08530, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 08530 was a Neutral Market.
Housing Prices in 08530, NJ
How much do homes in 08530, NJ cost?
Median Sold Price
$573,702
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 08530 was $573,702 in April 2024, up 7.2% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $626.2K | N/A |
2 Bedrooms | $405K | $476.9K | +17.8% |
3 Bedrooms | $505K | $535K | +5.9% |
4 Bedrooms | $675K | $752.5K | +11.5% |
5+ Bedrooms | $750K | $1.0M | +40.7% |
Summary: 08530 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 40.7%.
Housing Supply in 08530, NJ
How many homes are available in 08530, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 54 | +14.9% |
Summary: The 08530 real estate market had 54 homes for sale in April 2024, a 14.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 15 | 17 | +13.3% |
3 Bedrooms | 23 | 22 | -4.3% |
4 Bedrooms | 8 | 13 | +62.5% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 08530 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 11 | +83.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 08530 in April 2024, up by 83.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for 08530, NJ
How long does it take to sell a home in 08530, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 37 Days | -40.3% |
Summary: Homes in 08530 had an average of 37 days on market in Apr 2024, down by 40.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in 08530; 36% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.